
It’s the final day of 2025. As I write this pre-market, the S&P 500 is up 17.3% and on track to book its third consecutive year of positive annual returns.
Yesterday, I read in Bloomberg that all 21 analysts it surveyed believe the index will be up in 2026, delivering a fourth consecutive year of gains. It also noted that since the index’s October 2022 low, it has risen 90%.